1.Long term downtrend is already broken and now retesting that level.
2.There is an evident H&S pattern forming. When looking at the volume we could notice a good accumulation.
Aggressive traders/Investors can jump in at this level.
Those who need additional confirmation can wait until the formation is complete and the breakout.
2.There is an evident H&S pattern forming. When looking at the volume we could notice a good accumulation.
Aggressive traders/Investors can jump in at this level.
Those who need additional confirmation can wait until the formation is complete and the breakout.